FedEx to end ground deliveries for Amazon in shift away
FedEx will stop ground deliveries for Amazon as the online retailer builds its own fleet. The move follows Amazon launching its own air and ground network, with analysts noting FedEx aims to win more non Amazon business while managing margins on the Amazon relationship.
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Escalation of U S China trade fight hurts global economy
The escalating U S China trade dispute threatens global growth with tariffs on hundreds of billions of Chinese imports, currency moves, and retaliations. Markets fell sharply then recovered amid warnings of delayed investment and potential recession as Germany Japan and Britain face spillover effects.
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